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Indonesian President Joko Widodo Pledges to Cut Investment Barriers
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WSJ reporters McDowell, Otto and Murray's interview with Indonesia's president Joko Widodo in December 2014, focusses on Indonesia's need for foreign investment for badly needed infrastructure development. Widodo says Indonesia will compete with Vietnam, Malaysia and other countries to attract foreign investors and offer better terms to attract projects. Widodo plans to take up reform of state electricity company PLN, open a limited, national one-stop investment center, and tackle land acquisition for the Adaro power project in central Java to be built with Japanese investment, in coming months, always following a deadline. His goal is to streamline processing and approval of foreign investment projects so that the time is cut from about a year to a few weeks. Investors such as Samsung have preferred to invest in Vietnam, and other investors have preferred to invest in Malaysia, because of a deteriorating foreign investment climate under the previous administration. Indonesia remains dependent on coal and commodity exports to China. The goal says Widodo is to increase the growth rate from 5% to 7% by 2016. This includes revising the old structure of contracts with oil companies to encourage oil exploration investments by foreign oil companies, according to Economics Minister Sofyan Djalil. Indonesia's oil production has declined in the last decade and it is now a net importer, a situation similiar to that in Mexico.
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Indonesian President Joko Widodo Pledges to Cut Investment Barriers
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Indonesia's president Widodo's interview with WSJ reporters McDowell, Otto and Murray in December 2014
12/08/2014
Grouped Articles
Indonesian President Joko Widodo Pledges to Cut Investment Barriers
Wall Street Journal 12/08/2014
The Widodo administration's plans to attract foreign investment for infrastructure and oi exploration- 2015-2017
12/08/2014
Indonesia's president describes his plans to attract foreign investment to WSJ reporters in Dec. 2014. He points to the need for $500 billion in foreign investment for deep water ports, airports, oil exploration and investment in industry. Widodo says Indonesia will improve the investment climate to win projects that have gone to Vietnam, Malaysia and other countries from companies like Samsung.
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Indonesian President Joko Widodo Pledges to Cut Investment Barriers
Wall Street Journal 12/08/2014
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Economist 05/15/2015
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Two party systems and Malaysia's UMNO Party- (2) the future economic prospects of Malaysia under Razak, India under Modi, Indonesia under Widodo
12/08/2014
Najib Razak follows his father Tun Abdul Razak, Mahathir before him, all the way back to Tunku Abdul Rahman, all of the UMNO party, in an uninterrupted control of the United Malay Naional Organization Party which has ruled Malaysia for almost 6 decades. Malaysia has followed the example of Lee Kuan Yew in Singapore by keeping the opposition parties weak to maintain control. Both the UMNO and the party of Lee in Singapore face questions about the merits of suppressing the development of two party systems, at a time when government is changing hands to opposition parties in most of the region and improving economic prospects in each country with a change of government- Abe in Japan, Widodo in Indonesia, Modi and Sharif in India and Pakistan, Aquino in the Philippines, Wickremesinghe in Sri Lanka. A economic drift with no clear direction under Singh and Bhutto in India and Pakistan was reversed with the election of Modi and Sharif, the economic drift and deflation under the Kan and Noda governments was reversed in Japan with the election of Abe, and the economic drift in Indonesia is being reversed by the Widodo government. This shows how critical two party systems are to functioning democracies as middle classes develop and voters look for competing views of the future to choose from.
Linked Articles
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Wall Street Journal 06/19/2015
Indonesian President Joko Widodo Pledges to Cut Investment Barriers
Wall Street Journal 12/08/2014
Efforts to boost foreign investment in Indonesia under Widodo as growth slows and infrastructure lags behind- 2014-2016
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Linked Articles
Indonesian President Joko Widodo Pledges to Cut Investment Barriers
Wall Street Journal 12/08/2014
Indonesia Faces Price Rise as Currency Weakens
Wall Street Journal 09/04/2013
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